© 2020

Economic Challenges of Pension Systems

A Sustainability and International Management Perspective

  • Marta Peris-Ortiz
  • José Álvarez-García
  • Inmaculada Domínguez-Fabián
  • Pierre Devolder

Table of contents

  1. Front Matter
    Pages i-xvii
  2. José Álvarez-García, Amador Durán-Sánchez, Marta Peris-Ortiz, María de de la Cruz del Río-Rama
    Pages 1-32
  3. Estefanía Alaminos, Mercedes Ayuso, Montserrat Guillen
    Pages 33-55
  4. Borja Encinas-Goenechea, Robert Meneu-Gaya, María de la Cruz del Río-Rama
    Pages 57-80
  5. Enrique Devesa, Rafael Doménech
    Pages 81-103
  6. José Enrique Devesa-Carpio, Beatriz Rosado-Cebrian, José Álvarez-García
    Pages 125-154
  7. Robert Meneu-Gaya, Borja Encinas-Goenechea, Inmaculada Domínguez-Fabián
    Pages 155-171
  8. Beatriz Rosado-Cebrian, Marta Peris-Ortiz, Carlos Rueda-Armengot
    Pages 173-191
  9. John A. Turner, Gerard Hughes, Agnieszka Chłoń-Domińczak, David M. Rajnes
    Pages 193-210
  10. Frédéric Gannon, Florence Legros, Vincent Touzé
    Pages 211-233
  11. María del Carmen Boado-Penas, Poontavika Naka, Ole Settergren
    Pages 235-254
  12. Carmelo Mesa-Lago, Diego Valero
    Pages 255-274
  13. María del Carmen Boado-Penas, Humberto Godínez-Olivares, Steven Haberman
    Pages 341-358
  14. Mercedes Ayuso, Montserrat Guillen, Diego Valero
    Pages 359-375
  15. Oscar V. De la Torre-Torres, Evaristo Galeana-Figueroa, Dora Aguilasocho-Montoya
    Pages 377-396
  16. Francisco López-Herrera, Marissa R. Martínez-Preece, Roberto Joaquín Santillán-Salgado
    Pages 397-425
  17. Roberta Melis, Alessandro Trudda
    Pages 427-439

About this book


This book examines the major economic challenges associated with the sustainability of public pensions, specifically demographic change, labor-market relations, and risk sharing. The issue of public pensions occupies the political and economic agendas of many major governments in the world. International organizations such as the World Bank and the OECD warn that the economic changes driven by an aging society negatively affects the sustainability of pension systems. This book analyzes different global public pension systems to offer policies, methods and tools for sustainable public pensions. Real case studies from France, Sweden, Latin America, Algeria, USA and Mexico are featured.


Pension Sustainability Pension Reforms PAYG systems French Mandatory Occupational Pension Scheme Swedish Public Pension System Pension Reforms in Latin America Welfare in Advanced Economies Financial Sustainability of Pension Systems Complementary Pensions Equity of Public Pension Systems Adequacy of Public Pension Systems Pay-As-You-Go Pension Finance Mixed Two-Step Pension System SIEFOREs

Editors and affiliations

  • Marta Peris-Ortiz
    • 1
  • José Álvarez-García
    • 2
  • Inmaculada Domínguez-Fabián
    • 3
  • Pierre Devolder
    • 4
  1. 1.Department of Business OrganizationUniversitat Politècnica de ValènciaValenciaSpain
  2. 2.Department of Financial Economics and AccountingUniversity of ExtremaduraCáceresSpain
  3. 3.Financial Economics and AccountingUniversity of ExtremaduraCáceresSpain
  4. 4.Institute of Statistics, Biostatistics and Actuarial Science (ISBA)Université Catholique de LouvainLouvain-la-NeuveBelgium

About the editors

​Marta Peris-Ortiz is Full Professor at Universitat Politècnica de València (Spain). Her current research is focused on the topics of entrepreneurship, innovation, sustainability, corporate social responsibility and education innovation. She has co-edited and authored many scholarly books and articles in various international journals. She is also on the editorial boards of several international journals.
José Álvarez García is a Lecturer and Researcher in the Department of Financial Economics and Accounting at the Faculty of Business, Finance and Tourism,  University of Extremadura (Spain). Dr. Álvarez García's teaching and research is centered on Tourism Business.
Inmaculada Domínguez Fabián has a degree in Economics and Business Administration, a Master's Degree in Business Administration and Management and a PhD in Economics from the University of Extremadura (Spain). She is currently General Secretary of the University of Extremadura.
Pierre Devolder is Professor of Quantitative Finance and Actuarial Sciences. His main research interests are pension funding, the application of stochastic processes to finance and insurance, fair valuation and solvency of insurance liabilities.

Bibliographic information

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